OTHERS Proposed Declaration of Final Tax Exempt Divdend for the year ended 31 December 2013
UCHI TECHNOLOGIES BERHAD
Type Announcement Subject OTHERS Description Proposed Declaration of Final Tax Exempt Divdend for the year ended 31 December 2013
The Board of Directors of Uchi Technologies Berhad has on 26 February 2014 declared a Final Tax Exempt Dividend of 6 sen per share of RM0.20 each for the year ended 31 December 2013.
However, the entitlement date and date of payment of the Dividend have yet to be finalised at the moment.
A further announcement will be made at a later date upon finalisation of the entitlement date and date of payment of the above.
Uchi Technologies (UCHI MK) Technical BUY with +13.2% potential return Last price : RM1.44 Target Price : RM1.53, RM1.63 Support : RM1.39 Stop-loss: RM1.38 BUY with a target price of RM1.63 with a stop loss below RM1.38. UCHI’s share price has slid into the correction phase from the high of RM1.53 before finding support at RM1.27. Despite trading below the medium-term downtrendline in the last 10 weeks, UCHI remains above the long-term trendline. Given last Friday’s 5-sen surge on the back of a higher trading volume of 1.4m shares (vs 20- day average of 0.3m), we believe it was a genuine breakout above the medium-term downtrendline which should signal the end of the correction and the start of a new up-leg. Positive development in MACD and an uptick in both the +Di and ADX lines should indicate a gradual shift in positive momentum as well as a potential continuation of the previous uptrend..moving forward we peg our medium term upside target at the 1.38x Fibonacci extension level of rm 1.63
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
weijian
477 posts
Posted by weijian > 2014-02-24 16:37 | Report Abuse
why drop so little today?